Saia (NASDAQ:SAIA) Reaches New 1-Year High – Should You Buy?

Saia, Inc. (NASDAQ:SAIA)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $474.04 and last traded at $473.47, with a volume of 11160 shares. The stock had previously closed at $456.23.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets set a $425.00 price target on Saia in a report on Thursday, February 19th. TD Cowen boosted their price target on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Bank of America boosted their price target on Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Jefferies Financial Group boosted their price target on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $265.00 target price on shares of Saia in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $444.94.

Saia Price Performance

The company has a fifty day moving average of $407.50 and a 200 day moving average of $365.95. The firm has a market capitalization of $12.51 billion, a P/E ratio of 49.29, a PEG ratio of 2.23 and a beta of 2.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the prior year, the business posted $1.86 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 11.38 earnings per share for the current year.

Institutional Trading of Saia

Several institutional investors have recently added to or reduced their stakes in SAIA. Quarry LP lifted its stake in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after buying an additional 84 shares during the period. State of Wyoming acquired a new position in Saia in the third quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC acquired a new position in Saia in the fourth quarter valued at approximately $40,000. Finally, Allworth Financial LP lifted its stake in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the period.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.